Confluent, Inc. has acquired Immerok, a contributor to the open source stream processing application technology Apache Flink. Financial term of the deal were not disclosed.
This is technology M&A deal number eight that ChannelE2E has covered so far in 2023. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Confluent Acquires Immerok for Real-Time Stream Processing
Confluent, founded in 2014, is based in Mountain View, California. The company has 2,837 employees listed on LinkedIn. Confluent’s areas of expertise include Apache Kafka, open source, stream processing, streaming data, event streaming platform and event-driven architecture.
Immerok, founded in 2022, is based in Berlin, Germany. The company has 23 employees listed on LinkedIn. Immerok’s areas of expertise include Apache Flink, stream processing and real-time data.
Immerok, backed by investments from Cusp Capital, 468 Capital and Cortical Ventures, developed a cloud-native, fully managed Flink service to process data streams at a large scale. Immerok leadership includes multiple Flink Project Management Committee members and Committers for the open source technology. The acquisition will add extensive stream processing expertise to the Confluent team and further the company's goal of launching a fully managed Flink offering compatible with its Confluent Cloud managed Kafka service, the companies said.
A public preview of the Flink offering for Confluent Cloud is planned for 2023.
Confluent Acquires Immerok: Executive Insight
Jay Kreps, co-founder and CEO, Confluent, commented on the news:
“Stream processing plays a particularly critical role in data streaming. Stream processing enables organizations to clean and enrich data streams to derive actionable insights from their data in real time. Our planned acquisition of Immerok will accelerate our ability to bring one of the most popular and powerful stream processing engines directly into Confluent. Soon, customers will be able to leverage the power of Apache Flink natively in Confluent to quickly and easily build the real time applications that are required to win.”
Holger Temme, co-founder and CEO, Immerok, added:
“I’m deeply excited about the opportunity to combine our deep Flink expertise with the world’s foremost Kafka experts. Together, we can deliver a cloud-native data streaming platform that gives customers the combined power of the best of the stream processing layer, with the best of the data movement and storage layer, so they can unlock new insights from data in real time.”
